Hints and tips:
...Panama will shut one of the world’s largest copper mines, its president said on Tuesday, after the country’s Supreme Court struck down a Canadian company’s contract to operate it amid large protests....
...Elliott is particularly interested in underfinanced mines....
...Endeavour owns four operating mines in west Africa. The $5.9mn payment related to the Agbaou mine in the Ivory Coast, which Endeavour sold to Canadian miner Allied Gold....
...BYD’s vertically integrated structure — it controls mines and produces batteries and chips — has made it the envy of foreign rivals as the global car industry transitions away from the combustion engine....
...Analysts believe there is the potential for more mines....
...Liontown shares halted trading on the Australian stock exchange on Monday as the company looks to complete a fundraising to develop the mine....
...The deal will strengthen Denver-based Newmont’s operations in Australia, Canada and Papua New Guinea and potentially create a ripple effect in the industry as smaller mines owned by the combined business...
...The stakes rose late last year when Panama gave the group a December 14 deadline to reach a final agreement and suggested it could expropriate the mine....
...Regulators may still have a say, with four of Australia’s five largest gold mines set to be owned by the US company....
...It was previously owned by Canadian miner Barrick Gold and the commodities group Glencore....
...The group’s vertically integrated structure — from mines to batteries and chips — has given it an advantage as the global car industry works to transition away from the combustion engine....
...As Australia builds domestic processing plants for its own mineral riches and after the Canadian government ordered Chinese investors to divest from certain Canadian mining companies, China is doubling down...
...There has already been one takeover in the sector since Newmont’s offer for Newcrest, with B2Gold, whose portfolio of mines spans Mali, the Philippines and Namibia, agreeing to buy Canada’s Sabina Gold &...
...Shareholders of Turquoise Hill have accepted Rio Tinto’s $3.3bn bid to buy all of the shares in the Canadian miner it did not already own, drawing to a close a tumultuous takeover battle that at times appeared...
...Some of the money will go to a Canadian potash fertiliser project, Jansen. Chief executive Mike Henry is enthusiastic about the potash mine, scheduled to open in 2026....
...It has mines in Australia, Canada and Papua New Guinea, and has been on the radar of both Newmont and Barrick in recent years....
...Rio Tinto’s $3.3bn bid to buy Turquoise Hill has suffered significant setbacks, after minority shareholders expressed opposition and Canadian financial regulators raised concerns....
...Mining group Rio Tinto has raised its offer to take direct control of the huge Oyu Tolgoi copper mine in Mongolia, weeks after its initial bid was rebuffed....
...Due diligence once meant sending bankers to check that a mining company really had a working gold mine, hiring accountants to scour the books and asking lawyers to identify contracts that could prove troublesome...
...Rio Tinto has agreed to pay $3.3bn to take full ownership of Canadian miner Turquoise Hill, giving it greater control over the vast Oyu Tolgoi copper mine in Mongolia....
...Toronto-headquartered Agnico Eagle would take the 50 per cent stake from Yamana in the Canadian Malartic mine that it does not already own....
...The development costs for the underground mine at Oyu Tolgoi mine have risen to $7bn, up from an initial estimate of $5.3bn....
...Under Canadian takeover rules, a majority of independent shareholders will need to vote in favour of the proposal....
...Vedanta lost control of Konkola Copper Mines, a major producer, after Lungu’s government pushed the mine into provisional liquidation in 2019....
International Edition